Whether TA or FA, it is important to note that what I think doesn’t play much to where the market will head to. In other words the market don’t care. It is very difficult to be in sink with the market sentiment all the time.
Pls is a falling stock and as such caution = small losses tolerance, this is to ensure that loss isn’t too large for me that I’m forced to play defensive give the first opportunity to clear out without losing money. I can always enter later should a better entry pans out, if not I can also enter higher. There is no such thing as missing the boat. Just my perspective.
The current situation is pretty negative from the operation news and I am not able (ignorance) to work out if the cash in bank is adequate to sustain the current issues or how much is the margin shrinking. This is where charts comes into play clearer since it is something I can see. Reading all those FA and research on the EV/battery growth is difficult to interpret besides stoking the confirmation bias. Those Ozblue post on face value seems well researched and demonstrate deeper understanding of the details than I ever will be.
If I’m one of the early birds which I’m not unfortunately, I could afford to curse at losing multibagger paper gains and will avoid capital loss. If I’m stuck with a big hole, we’ll its called LTBH lol. I know how the latter feels.
We each have a different assessment of risk, rewards but the same goal and chiefly not to lose money.
PLS Price at posting:
49.0¢ Sentiment: None Disclosure: Not Held
(20min delay)